Biden Asks FTC To Investigate Rising Gas Prices

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President Joe Biden has asked Lina Khan, the chairperson of the Federal Trade Commission, to open an investigation into possible connections between fossil fuel corporations and the ballooning costs of oil. While he did not cite the name of any specific producer, Biden did allude to the “two largest oil and gas companies“ in the United States, which are Exxon Mobil and Chevron. The president also avoided placing any unproven blame on any single entity. But Biden is clearly concerned over the recent uptick in prices at the pump, which have spiked by almost 60 percent over the course of the last…

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